I recently provided an aggressive cash back churning strategy. Today’s post is almost a continuation of that post. Basically, if you want to have a strong cash back strategy, you will want to continually keep track of new and ongoing offers that you can take advantage of.
Note that this post focuses on temporary offers. Our Top Cash Back Credit Cards page continues to list current offers that are not exclusive to limited time offers like this post.
Very minor changes to this month’s list as most offers are running well into the summer. But you may want to take a closer look at the TD offers as they will be expiring before our next month’s list.
Top Higher than Normal Sign Up Bonuses for May 2020
For the rest of the credit cards, I ranked the credit cards by the price of the annual fees (lowest to highest):
The card that I would like to highlight for this month is the Brim World Elite MasterCard, which is waiving its $199 annual fee. This might be the highest public offer annual fee waiver I’ve ever seen. The promotion expires on April 30, 2020, so if you are thinking about getting the card, do not think too long about.
Ongoing First Year Fee Waived Offers
The reason I post a separate list of ongoing offers (i.e. not temporary) is because there are up is that there are 2 permanent first year fee waived offers. So they are worthy of being highlighted. Meridian Bank is the only company willing to do this at the moment. Every other company has first year fee waived offers during a specific promotion period.
This list has really trimmed down over the past couple of months. We are down to a small handful of cards that have higher than normal cash back bonuses.Note that this post focuses on temporary offers. Our Top Cash Back Credit Cards page continues to list current offers that are not exclusive to limited time offers like this post.
The most significant one to keep track of is the Laurentian Bank Visa Dollars one. It expires today.
As mentioned in our previous post, we will be making some minor changes to our posts temporarily. Today’s post is a perfect example of such a change. All links to credit card companies are taken off as we are not trying to encourage people to sign up for credit cards. But if you do have the means to take advantage of rewards, this is what you can watch out for.
If things keep dragging out, we may put a pause to our monthly top promotional offers posts and focus on other topics. So feel free to let us know what else you would like us to write about. Or would you prefer that we continue as is? Please let us know in the comment section below!
It has been almost a year since we last updated this post, so no question this was due for an update. The reason why I waited so long is because there are very few changes to the rankings since then. However, there was a sufficient amount of changes to the industry to warrant an update. Most of the ranking movement occurred in the bottom third of the list. Furthermore, another common theme on this list is that the gap widen between some of the positions.
Every time I update the rankings, I have an overall theme throughout the post. For today’s post, the focus was on internal changes made by each financial institution which justify their position in the rankings.
Quite a few promotions ended at the beginning of the month, but have been extended for the most part. The list is actually quite extensive relatively speaking. So if there are cards that you have been considering, now is the time to go for it.
Ongoing First Year Fee Waived Offers
The reason I left this list (ongoing offers) up is that there are so few (just 2 really) permanent first year fee waived offers. So they are worthy of being highlighted. Meridian Bank is the only company willing to do this at the moment. Every other company has first year fee waived offers during a specific promotion period.
Amid all the travel bans, yesterday we wrote a post about whether it makes sense to switch over to cash back credit cards instead of continuing to earn miles and points, which is a great seaway into today’s post.
All the CIBC and National Bank offers came to an end last month and they did not extend, so the list really trimmed down significantly this time around. TD switched around its offer but the next significant offer coming to an end this month is the Tangerine Money-Back Credit Card with its no annual fee, $250 sign up cash back bonus. So if you are still thinking about this card, I would go for it now. The BMO offers are also coming to an end this month.
Quite a few offers ended at the beginning of March, but were expended, namely cards from BMO, CIBC and TD. There were some minor tweaks to the offers for TD, but for CIBC and BMO, they were mostly extended.
Top Higher than Normal Sign Up Bonuses for March 2020
For the rest of the credit cards, I ranked the credit cards by the price of the annual fees (lowest to highest):
Quite a few promotions are ending at the beginning of March, so they will not make it to my next monthly list. So if you have been eyeing a promotion for a while now, this is your chance to go for it as there is no guarantee that the offer will be extended next month.
Ongoing First Year Fee Waived Offers
The reason I left this list (ongoing offers) up is that there are so few (just 2 really) permanent first year fee waived offers. So they are worthy of being highlighted. Meridian Bank is the only company willing to do this at the moment. Every other company has first year fee waived offers during a specific promotion period.